thehog2
25 Jan 2017
Well worth watching. [link]
thehog2
24 Jan 2017
Re: RNS "Agreement to increase stake in the Redmoor Tin/Tungsten project to 50%"Hopefully another positive step.TH2
happyzone
24 Jan 2017
RNS Tuesday 24 January, 2017Strategic MineralsSigning of Shareholders AgreementRNS Number : 9302UStrategic Minerals PLC24 January 2017 Market Abuse Regulation (MAR) DisclosureCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement. 24 January 2017 Strategic Minerals plc("Strategic Minerals" or the "Company" or "SML"
Signing of Shareholders Agreement to increase stake in the Redmoor Tin/Tungsten project to 50% Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, announces that it has entered into a shareholders agreement with New Age Exploration Limited ("NAE" and Cornwall Resources Limited ("CRL", the joint venture vehicle operating the Redmoor Tin/Tungsten project ("the Project", whereby Strategic Minerals has agreed to increase its stake in the Project to 50%.SML has nominated 31 January 2017 as the date on which it will formally exercise its option to take up a further 248,864 shares in CRL at £3.39 per share. Once these shares are issued, expected to be in early February, SML and NAE will each possess 309,838 shares in CRL, which represents a 50% stake each in the joint venture vehicle.The funds receivable by CRL pursuant to the option exercise by SML are in excess of £800,000. These funds will be applied to the two phase drilling program at the Project around Kelly Brae in Cornwall. Funds from SML's previous CRL share subscriptions have provided the working capital to drive the Project forwards, including a number of key appointments and the issuance of tenders for the 2017 drilling programme. The active management of both NAE and SML in this process has put the Project on track for commencement of drilling in 2017. The aim of the drilling programme is to increase the current 2.3 Mt high grade Inferred Resource by a further two to three times and help to provide valuable information to assist in the preparation of a mine plan. Commenting, John Peters, Managing Director of Strategic Minerals, said: "We are pleased to report on further progress being made towards bringing the Redmoor Tin/Tungsten project into production. The Company has managed its operations and cash flows well and has minimised shareholder dilution whilst continuing to add value to its portfolio of projects.
thehog2
17 Jan 2017
Cobre Magnetite Mine Update Strategic Minerals17 Jan 2017 07
08Strategic MineralsRNS Number : 3290UStrategic Minerals PLC17 January 2017 Market Abuse Regulation (MAR) DisclosureCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement. 17 January 2017 Strategic Minerals plc("Strategic Minerals" or the "Company" or "SML" Cobre Magnetite Mine UpdateRecord Magnetite Sales up 24% in 2016 and US$400,000 Settlement Payment Received Strategic Minerals plc (AIM: SML; USOTC: SMCDY), the diversified mineral development and production company, is pleased to provide the following positive update on the Company's operations at the Cobre magnetite mine in New Mexico, USA ("Cobre". Highlights: · Record Sales: Domestic sales of magnetite for 2016 of $1,551,930 (25,385 short tons) set a new record at Cobre and reflected a 24% increase in sales over 2015. · Settlement Payment Received: The Company confirms that its wholly owned subsidiary Southern Minerals Group ("SMG" has received US$400,000 due under the terms of its settlement with the rail provider at the Cobre mine. It is the Company's intention that these funds, in addition to the Company's existing cash resources, will enable it to exercise its option to take its holding in the Redmoor Tin/Tungsten project in Cornwall, England up to 50% and fund the 2017 drilling programme focused on increasing the high-grade resource at Redmoor.Cobre Magnetite SalesIn the three months to December 2016, sales of magnetite significantly improved on the previous year's performance. On an annual basis, domestic sales have now exceeded our previous best-recorded levels. Comparative sales and volume data is shown in the following table: TonnageSales (US $'000)Year3 mths to Dec12 mths to Dec3 mths to Dec12 mths to Dec20169,43125,385$533$1,55220157,52418,454$513$1,25220143,03018,780$208$1,266 The introduction of a large new customer, in mid-August 2016, has seen average sales prices reduced due to "bulk" discount pricing being applied. Overall, net per ton profitability has reduced in line with this discounting to around 40% but total profits have risen 70%. Rail Settlement Payment Received SML confirms that SMG has received a payment of US$400,000 in relation to the settlement agreement it entered into for its rail claim. The Directors, not wishing to dilute shareholders unnecessarily, took this expected payment into consideration when it limited the number of shares issued in the placing which raised £600,000 as announced in October 2016. Commenting, John Peters, Managing Director of Strategic Minerals, said: "We are delighted to report that during 2016 we achieved record sales at our Cobre magnetite mine and, based on unaudited management accounts, we expect the Company will be in a position to report a maiden profit for the 12 months ended 31 December 2016. "The payment received from the rail claim, in conjunction with existing cash resources, provides us with sufficient funds to enable us to take our holding in the Redmoor Tin/Tungsten project in Cornwall up to 50% and fund the proposed 2017 drilling programme focused on increasing the high-grade resource. We look forward to making a further announcement when progress is made on the exercise of the Redmoor option. "We are also progressing discussions with the Cobre mine owners and have increased the likelihood of longer-term access to the Cobre stockpile. Our intention is to continue these discussions and focus on increasing sales and profitability at Cobre. "With active development programmes underway across our three core projects, Cobre magnetite in New Mexico, CARE nickel in Australia and Redmoor Tin/Tungsten project in Cornwall, the Board is pleased
thehog2
17 Jan 2017
Re: Appointment of Exploration Manager GButts,Thanks for making contact. I really am only posting here to keep the BB alive for if and when when renewed interest occurs. I know of a number of holders who never post, and they may return in the future. Which judging by this morning's RNS may not be so far away.Roll on the 1.5p option point.TH2
GButts
13 Jan 2017
Re: Appointment of Exploration Manager Hope you are right skipper. I would be happy to see SML at the lower1.5p executive option price, delighted if it got to the higher 3.0p level and in Dreamland if it returned to 2012/13 levels. Regards. Didn't want you to think you were all alone.
thehog2
13 Jan 2017
Re: Appointment of Exploration Manager Appointment of an Exploration manager plus recent director deals make me pretty certain that this s on way to coming good.Fingers crossed.TH2
thehog2
13 Jan 2017
Appointment of Exploration Manager Strategic Minerals12 Jan 2017 070:11Strategic MineralsRNS Number : 9874TStrategic Minerals PLC12 January 2017 12 January 2017 Strategic Minerals plc("Strategic Minerals" or the "Company" Appointment of Exploration ManagerRedmoor Tin/Tungsten Project in Cornwall, England Strategic Minerals Plc (AIM: SML; USOTC: SMCDY), the minerals production and development company, announces that Cornwall Resources Limited ("CRL", its joint venture with New Age Exploration Limited, which is developing the Redmoor Tin/Tungsten project in Cornwall, England ('Redmoor'), has appointed Mr Brett Grist as Exploration Manager for the Redmoor drilling programme, to be conducted this year. This appointment is in line with the Company's strategy of bolstering CRL's ground senior management team ahead of its planned 2017 drilling programme. This programme is aimed at extending the defined high grade resource at Redmoor. Brett is a geologist from the Royal School of Mines, London with over 18 years of exploration and mining experience in base metals and gold across Europe, the Middle East, West and Central Africa and Australia. In his most recent role as CEO of CASA Mining Limited in the Democratic Republic of Congo, Brett led the discovery, drilling and definition of the 1.2 million oz gold resource at the Misisi deposit.Brett is based in Devon, UK, close to the Redmoor project and as a member of the Dartmoor Tinworking Research Group has a strong understanding of the geology and mining heritage of the region.As part of his role Brett will be involved with the recruitment of additional staff and will assist in finalising arrangements for the awarding of the contracts in relation to the planned two phase drilling programme. Commenting, Strategic Minerals' Managing Director, John Peters, said: "The addition of Brett, along with the progress we are making with the tender for the drilling programme, sees us on track to commence drilling in the first half of this year. Brett's experience and his knowledge of the area should prove a valuable asset and we welcome him to the team. While we received a number of high quality applications for the position, we are delighted that the best candidate for this key position was from South West England, in line with our policy of looking to employ people from the local community where possible." For further information, please contact: Strategic Minerals plcJohn PetersManaging Director www.strategicminerals.net Follow Strategic Minerals on:Twitter: @SML_Minerals LinkedIn: strategic-minerals-plc +61 (0) 414 727 965SP Angel Corporate Finance LLPNominated Adviser and Joint BrokerEwan LeggatLaura Harrison +44 (0)20 3470 0470Optiva Securities LimitedJoint BrokerGraeme Dickson +44 (0)20 34111880Yellow Jersey PRFinancial PRFelicity WinklesAlistair de Kare-SilverJoe Burgess+44 (0) 7825 916 715 Notes to Editors Strategic Minerals Plc is an AIM-quoted, diversified mineral development and production company with projects in the United States of America and Australia. The Company is focused on acquiring and developing cash generative, high quality projects which meet local market demand for commodities and utilising this cash flow to undertake value added exploration. In September 2011, Strategic Minerals purchased its first cash generating asset; the Cobre magnetite tailings dam project in New Mexico, USA which it brought into production in 2012 and which continues to provide a revenue stream for the Company. The portfolio was expanded in January 2016 with the acquisition of shares in Central Australian Rare Earths Pty Ltd, which holds tenements in Western Australia and the Northern Territory that are prospective for nickel sulphides and rare earths. In May 2016, an additional exploration asset was acquired when the company entered into arrangements to take up to 50% of the Re
thehog2
06 Jan 2017
Hopefully good news on way Encouraging RNSs to start the year. GLA. TH2
Gold or Silver
06 Jan 2017
Turnaround Begins in earnest .Could do well form here.Good luck AllAnd May
thehog2
30 Nov 2016
RNS predation to Parliament Strategic Minerals30 Nov 2016 070:11Strategic MineralsRNS Number : 5137QStrategic Minerals PLC30 November 2016 30 November 2016 Strategic Minerals plc("Strategic Minerals" or the "Company" Presentation by Cornwall Resources Limited Strategic Minerals Plc (AIM: SML; USOTC: SMCDY), the minerals production and development company, announces that its Director Peter Wale, who is also a Director of Cornwall Resources Limited ("CRL", on Monday evening, on behalf of CRL, made a presentation at the House of Commons to members of parliament and a select group of invited guests. This presentation outlined CRL's Redmoor project and plans in relation to its development. The function, organised by The Geological Society, featured brief presentations on both UK mining projects being developed by CRL, Sirius Minerals and Wolf Minerals and selected projects around the world being developed by UK companies. A copy of the presentation can be found at [link] Commenting, Strategic Minerals' Director, Peter Wale, said: "The opportunity to present to this select group, alongside companies like Sirius and Wolf Minerals, provided Cornwall Resources Limited, our joint venture vehicle with New Age Exploration, a wonderful chance to highlight the potential resource Redmoor represents and our plans to develop it." For further information, please contact: Strategic Minerals plcJohn PetersManaging Director www.strategicminerals.net Follow Strategic Minerals on:Twitter: @SML_Minerals LinkedIn: strategic-minerals-plc +61 (0) 414 727 965SP Angel Corporate Finance LLPNominated Adviser and Joint BrokerEwan LeggatLaura Harrison +44 (0)20 3470 0470Optiva Securities LimitedJoint BrokerGraeme Dickson +44 (0)20 34111880Yellow Jersey PRFinancial PRDominic BarrettoFelicity WinklesAlistair de Kare-Silver
thehog2
24 Nov 2016
Director Share Purchase Strategic Minerals21 Nov 2016 12:25:56Strategic MineralsRNS Number : 7242PStrategic Minerals PLC21 November 2016 Market Abuse Regulation (MAR) DisclosureCertain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.21 November 2016 Strategic Minerals plc("Strategic Minerals" or the "Company" Director Share Purchase Strategic Minerals plc (AIM: SML; USOTC: SMCDY) has been informed that John Peters, Managing Director of the Company, today acquired on market a total of 1,300,000 ordinary shares in the Company at a price of 0.42761 pence per share. Following this acquisition, Mr Peters has a beneficial interest in 10,000,000 ordinary shares in the Company, representing 0.82% of the Company's issued share capital. The notification below, made in accordance with the requirements of the EU Market Abuse Regulation, provides further detail on the acquisition of shares in the Company by a director.NOTIFICATION AND PUBLIC DISCLOSURE OF TRANSACTIONS BY PERSONS DISCHARGING MANAGERIAL RESPONSIBILITIES AND PERSONS CLOSELY ASSOCIATED WITH THEM1. Details of the person discharging managerial responsibilities/person closely associateda)Name:John Peters2. Reason for the notificationa)Position/status:Managing Directorb)Initial notification/Amendment:Initial notification3. Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitora)Name:Strategic Minerals plcb)LEI:4. Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducteda)Description of the financial instrument, type of instrument: Identification code: Ordinary shares of 0.1p each GB00B4W8PD74b)Nature of the transaction:Acquisition of sharesc)Price(s) and volume(s): Price(s)Volume(s)0.42761 pence 1,000,0000.42761 pence 300,000 d)Aggregated information:Aggregated volume
rice: Price(s)Volume(s)0.42761 pence1,300,000 e)Date of the transaction:2016-11-2109.41hrs UTC (1,000,000 shares)09.45hrs UTC (300,000 shares)f)Place of the transaction:London Stock Exchange (AIM) For further information, please contact: Strategic Minerals plcJohn PetersManaging Director www.strategicminerals.net Follow Strategic Minerals on:Twitter: @SML_MineralsLinkedIn: www.linkedin.com/company/strategic-minerals-plc +61 (0) 414 727 965SP Angel Corporate Finance LLPNominated Adviser and Joint BrokerEwan LeggatLaura Harrison +44 (0)20 3470 0470Optiva Securities LimitedJoint BrokerGraeme Dickson +44 (0)20 3411 1880Yellow Jersey PRFinancial PRDominic BarrettoAlistair de Kare-Silver +44 (0) 7825 916 715
thehog2
18 Nov 2016
Sept qtr 'a game changer' for SML With thanks to Tuff on ADVFN18 Nov '16 - 13:37 - September quarter 'a game changer' for Strategic Minerals, says chief John PetersHomeArchivesStocktubeLON: SMLSeptember quarter 'a game changer' for Strategic Minerals, says chief John PetersShare. A new customer helped boost sales during the September quarter from Strategic Minerals plc's (LON:SML) Cobre iron tailings operation in New Mexico.Shipments to the new client began in mid-August and have carried through into the December quarter.Chief executive John Peters tells Proactive: ''The real story here is that we've always said that we'd keep ourselves lean and operate within the cashflow coming out of Cobre but now we're probably moving to a point where next year in particular, if these sales continue, we'll actually end up in a full year profit''.''We're unique in that we're a mining exploration company that pays its own way''.Summing up the September quarter Peters said: ''I think it's really changed the company. We're now in a position where we expect to be in positive cashflow each quarter .. coupled with our other projects it puts us in a position where we've got cashflow, overheads being covered and profits possible too being generated''[link]
thehog2
17 Nov 2016
No reason for share price spike? Since the BOD effectively said the there was no reason for the price movement on the 10th October, has anyone else noticed the string of good news RNSs that have followed?15-11-16 Change of Joint Venture Vehicle Name RNS14-11-16 Agreement to progress Gold, Rare Earths RNS09-11-16 Change of Adviser RNS04-11-16 Appointment of Redmoor Community Adviser RNS27-10-16 Oversubscribed Placing - Joint Broker Appointment RNSI think they may be getting there.TH2
thehog2
17 Nov 2016
No RNS for this but this is the source of Correct returns The import price of 62% Fe content ore at the port of Tianjin jumped 4.5% to $74.20 per dry metric tonne last Thursday as Donald Trump's victory in the US presidential elections add fuel to the fire of iron ore's almost a month of unbroken gains.According to data from The Steel Index it's the highest level for the Chinese benchmark price since November 7, 2014 with gains since the eve of the election now topping 11%. Year to date the price of the steelmaking raw material is up 72% after doubling in value from near-decade lows in December last year.Long may it continue. TH2
